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Where's best to save £70k safely?
K007030
Posts: 2 Newbie
Hi
My dad has just received his inheritance and is asking me how he should invest or save it!!
He's retired and does want to put the cash at too much risk. I'm wondering what's the best way he can invest this money.
He already has an ISA and will continue to contribute to it, so I was going to suggest he just put the money into a couple of savings accounts earning 5-6%
Any thoughts?
Cheers
Mark
My dad has just received his inheritance and is asking me how he should invest or save it!!
He's retired and does want to put the cash at too much risk. I'm wondering what's the best way he can invest this money.
He already has an ISA and will continue to contribute to it, so I was going to suggest he just put the money into a couple of savings accounts earning 5-6%
Any thoughts?
Cheers
Mark
0
Comments
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welcome to the forum koo
sounds as good as any ive heard for a while
be aware it could affect tax issues if he is 20% boarder line 40 or on benifits for tax (working -childs etc):cool: hard as nails on the internet . wimp in the real world :cool:0
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